Return to easy money poised to slam banks in U.S., Europe

Big U.S. banks including JPMorgan Chase & Co. and Citigroup Inc., which reported second-quarter earnings last week, are already seeing the revenue impact of declining interest rates -- even before the Federal Reserve delivers a cut expected at the end of the month. Foto: AP Photo/Seth Wenig Foto: Seth Wenig/AP

As policymakers globally prepare to cut borrowing costs again, banks around the world are feeling the heat...

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